Thank you. Your code is far more elegant than mine and I learn something new every time. (Now I just need to remember which video I saw that particular bit of code😊 for next time!)
Thank you. To be honest, I shocked when I saw the title of the tutorial. it promises a high profit at first glance which is in contrast to your standard channel contents. However, when I watched the tutorial, I found it is your usual brilliant technique of evaluating a strategy through coding.
Thank you for taking the time to go through it all. I did say maybe profit is increased by running multiple symbols. I'm putting it to the test. I have a live 5K account running this on 4 symbols. Let's see how it goes.
Very Interesting video! With your explanation, it becomes much easier to start to understand the code and its logic. Could you please consider making a video (or maybe a short series) where you would develop a structure to create a Multi-symbol EA? The reason I make this suggestion is because I'm trying to develop a multi-symbol EA, but the indicators' values retrieved for the last closed candle (1) of the base symbol and for the other symbols aren't correct. For the base symbol, yes they're correct (values relative to the last closed bar (1) ), but for the other symbols, the values retrieved are the ones of the previous bar, I mean, bar 2... Which, of course, shouldn't happen. If, somehow, you could shed some light on this, that would be super helpful!.. Thank you very much!
By testing the strategy on my own I just couldn't replicate the results from the original video. Then I realized that "our" strategy as coded in this tutorial apparently just isn't working completely in the same way. I think that the original strategy doesn't open a new trade when another one is already open (and is waiting for a win or for 10 candles to close). I base this on: 1) In StatOasis video chart examples (on 3:00) there are never two simultaneous trades open even when the criteria are met. Notice the candle just under the crosshairs on position 6/21/2024. A short position should have been opened there, but wasn't. (You can see the lower wick going below the previous candle low.) 2) On 8:00 he explains that after eliminating the long side for AUDUSD the average for the short side improved from $50 to $77.50 because "... so some trades will have time to work..." I'd be glad to hear your opinion on this and also whether someone has already tried using SL and/or TP with this.
Thank you for another worthy video. A question: wouldn't it be more efficient to just send BuyStop or SellStop orders instead of checking on every tick if the price has reached our Buy/Sell level? I mean, we check for the pattern i.e. reset the entry prices on a new bar anyway. Wouldn't this shorten testing time significantly? As for any slippage in live environment: isn't it the same risk for Market and Stop orders? Just a thought, maybe I'm missing something...
Good question, but I don't have a good answer. I just didn't think about that. Slippage is generally less for stop orders because they are already with the broker but in reality slippage can go both ways so for trading on a daily chart I wouldn't worry about it.
Good video. I am kind of surprised at that 10 candles to close and no SL rule. That a long time on the daily. 10th day got little to do with first IMO. Very surprised it didn't blow the account. Me maybe some recovery trades or grid to break even would improve the profitability.
Hello sir, thanks for the very high quality code you share. It's very useful. Thanks so much. A kind request: pls give some thought to coding chart patterns like the head and shoulder pattern? I don't see any examples of these anywhere on RUclips for mql5. Yes for python I have seen neuro trader, but that's about all. If you are able to consider an example or how to about developing code to identify and trade chart patterns this would be really great. Thank you!
Hi, Interesting and high win rate, but with high losses… have you tried optimizing this? I am quite new learning mql5 and automated trading, but have tried a lot for 6 months, my question to you that seems to be the one experienced and also serious here o. RUclips, it’s it possible to have a profitable EA? What would you recommend ? Are there EA to buy that really works? Thanks for charing, you have learned me a lot on this subject
Instead of "continue" is it faster to use a filter like "if(what I want)" in this case the compiler doesn't go further into the code right? And is there any reason to write the variables profit and time instead of writing the classes directly?
The compiler goes through all of the code, the difference is at runtime. Using continue means at runtime the process goes directly back to the beginning of the loop where embedding inside an if statement means runtime first goes to the end of the if block. And using all those embedded if blocks is just poor code to maintain. I used variables for profit and time for readability in the tutorial, you can use the classes directly.
@ yes, in fact I use unique “if” block only whether there is nothing else in the function therefore if compiler does not entry into if the function is finished otherwise is better continue, thanks 🙏🏻
I tried this EA for different forex pairs, all on period of min. 10 years. No account was blown up, but win / risk ratio was bad (risk of blown up account for few procent win). But maybe I did something wrong 😅 Then I had same idea and mixed with recovery EA. I ended up only using the recovery EA on occasions like earnings or economic news ...
Hello . 50ema cross aboce 200ema If Supertrend indicator is uptrend Enter buy when WPR indicator goes oversold and abd 5ema cross above 21ema. On H4 timeframe Stochastic must be above 50 level QQE indicator must have fast line cross above slow line. Code this please.
Risk/reward is terrible in fact you can't assess what your reward or risk will be. Let's say you want to risk 2 percent, this is impossible with this strategy, you're risking your account. Pattern might be useful whithin a different strategy, but there is not hope for this particular strategy . Excellent coding though !
Thank you. Your code is far more elegant than mine and I learn something new every time. (Now I just need to remember which video I saw that particular bit of code😊 for next time!)
Glad to help!
Thank you. To be honest, I shocked when I saw the title of the tutorial. it promises a high profit at first glance which is in contrast to your standard channel contents. However, when I watched the tutorial, I found it is your usual brilliant technique of evaluating a strategy through coding.
Thank you for taking the time to go through it all. I did say maybe profit is increased by running multiple symbols. I'm putting it to the test. I have a live 5K account running this on 4 symbols. Let's see how it goes.
@@OrchardForex hi hows the update, would be a blast if you make a video on the result ;)
Very Interesting video! With your explanation, it becomes much easier to start to understand the code and its logic.
Could you please consider making a video (or maybe a short series) where you would develop a structure to create a Multi-symbol EA?
The reason I make this suggestion is because I'm trying to develop a multi-symbol EA, but the indicators' values retrieved for the last closed candle (1) of the base symbol and for the other symbols aren't correct. For the base symbol, yes they're correct (values relative to the last closed bar (1) ), but for the other symbols, the values retrieved are the ones of the previous bar, I mean, bar 2... Which, of course, shouldn't happen. If, somehow, you could shed some light on this, that would be super helpful!.. Thank you very much!
By testing the strategy on my own I just couldn't replicate the results from the original video. Then I realized that "our" strategy as coded in this tutorial apparently just isn't working completely in the same way. I think that the original strategy doesn't open a new trade when another one is already open (and is waiting for a win or for 10 candles to close). I base this on:
1) In StatOasis video chart examples (on 3:00) there are never two simultaneous trades open even when the criteria are met. Notice the candle just under the crosshairs on position 6/21/2024. A short position should have been opened there, but wasn't. (You can see the lower wick going below the previous candle low.)
2) On 8:00 he explains that after eliminating the long side for AUDUSD the average for the short side improved from $50 to $77.50 because "... so some trades will have time to work..."
I'd be glad to hear your opinion on this and also whether someone has already tried using SL and/or TP with this.
Thank you for another worthy video. A question: wouldn't it be more efficient to just send BuyStop or SellStop orders instead of checking on every tick if the price has reached our Buy/Sell level? I mean, we check for the pattern i.e. reset the entry prices on a new bar anyway. Wouldn't this shorten testing time significantly? As for any slippage in live environment: isn't it the same risk for Market and Stop orders?
Just a thought, maybe I'm missing something...
Good question, but I don't have a good answer. I just didn't think about that. Slippage is generally less for stop orders because they are already with the broker but in reality slippage can go both ways so for trading on a daily chart I wouldn't worry about it.
Hello sir, thanks a lot for sharing your knowledge. Are you still accepting clients for making ea or not anymore?
Didn't even see the video yet but, liked!
I appreciate your confidence
Good video.
I am kind of surprised at that 10 candles to close and no SL rule. That a long time on the daily. 10th day got little to do with first IMO.
Very surprised it didn't blow the account.
Me maybe some recovery trades or grid to break even would improve the profitability.
If I get time I might try some improvements.
Hello sir, thanks for the very high quality code you share. It's very useful. Thanks so much. A kind request: pls give some thought to coding chart patterns like the head and shoulder pattern? I don't see any examples of these anywhere on RUclips for mql5. Yes for python I have seen neuro trader, but that's about all. If you are able to consider an example or how to about developing code to identify and trade chart patterns this would be really great. Thank you!
Hi,
Interesting and high win rate, but with high losses… have you tried optimizing this?
I am quite new learning mql5 and automated trading, but have tried a lot for 6 months, my question to you that seems to be the one experienced and also serious here o. RUclips, it’s it possible to have a profitable EA?
What would you recommend ?
Are there EA to buy that really works?
Thanks for charing, you have learned me a lot on this subject
Thank you Sir
Most welcome
Instead of "continue" is it faster to use a filter like "if(what I want)" in this case the compiler doesn't go further into the code right? And is there any reason to write the variables profit and time instead of writing the classes directly?
The compiler goes through all of the code, the difference is at runtime. Using continue means at runtime the process goes directly back to the beginning of the loop where embedding inside an if statement means runtime first goes to the end of the if block. And using all those embedded if blocks is just poor code to maintain.
I used variables for profit and time for readability in the tutorial, you can use the classes directly.
@ yes, in fact I use unique “if” block only whether there is nothing else in the function therefore if compiler does not entry into if the function is finished otherwise is better continue, thanks 🙏🏻
Is this "Smash day Patterns" of Larry Williams? If I was right, this strategy can use for S&P500 with 75% Winrate.
I have a complicated model I wish to code but I need help. How does one contact you for paid coding or advice?
Sorry, I don't do custom work.
Hi, I would love to do this for you.
I tried this EA for different forex pairs, all on period of min. 10 years. No account was blown up, but win / risk ratio was bad (risk of blown up account for few procent win). But maybe I did something wrong 😅
Then I had same idea and mixed with recovery EA. I ended up only using the recovery EA on occasions like earnings or economic news ...
The video with the original strategy ran tests over 10 years (or something like that). A recovery plugin could be a big improvement.
lol
Hello .
50ema cross aboce 200ema
If Supertrend indicator is uptrend
Enter buy when WPR indicator goes oversold and abd 5ema cross above 21ema.
On H4 timeframe
Stochastic must be above 50 level
QQE indicator must have fast line cross above slow line.
Code this please.
Hi, I would love to do this for you.
Are these changes to this strategy or something completey different?
@@OrchardForex same nothing change .
I suspect this strategy would be better suited for stocks.
A lot of these daily bar strategies are good for indexes which are generally going up..sp500, nas100 etc
The video with the original strategy ran all tests on currencies, but you could try it for anything.
Hi, can you please paste the code to me?
can we use this strategy manual on demo accounts?
You can use any automated strategy manually, but you do have to consider being at the terminal all day and night.
which time frame for this system?
It's in the video. Daily.
@@OrchardForex ok
Risk/reward is terrible in fact you can't assess what your reward or risk will be. Let's say you want to risk 2 percent, this is impossible with this strategy, you're risking your account.
Pattern might be useful whithin a different strategy, but there is not hope for this particular strategy . Excellent coding though !
Thanks about the coding but aren't you just saying what is already in the video? If I used this I might ass take profit and stop loss.
I tested it got totally different results
Hard to know why but it could be as simple as quality of backtest data and a different source.